Page 886 – Property118

Introducing The LHA Expert for Landlords – @TheLHAexpert

6th March 2012

-By Guest Columnist John Paul- Part 1 of an 8 part series Welcome to the first in a series of eight articles giving you top tips for renting your property to tenants in receipt of Local Housing Allowance (LHA). I have personally built a successful portfolio by letting to LHA Tenants and the profits and […]

Property investors target better yields

5th March 2012

Property investors are targeting high-yielding HMOs and commercial property in a switch away from buy to let, according to a new survey. Confidence in the property market is high – and up to 60% of landlords are looking at better returns from their investments over the next six months, says the report from a mortgage […]

Police on high after closing 5,000 cannabis factories

5th March 2012

Police are on a high after closing 5,000 cannabis factories across the North West in the past three years – and are urging landlords and letting agents to step into the war on drugs. Police are shutting down an average four cannabis farms a day – with many located in rented homes and commercial properties.

The story about the tiny frogs…

5th March 2012

This short story really struck a chord with me when people told me that I was crazy to follow my dream to build the UK’s leading news source and directory of service providers to the UK Private Rented Sector. There once was a bunch of tiny frogs… …who arranged a running competition. The goal was […]

Property118 Newsletter – our 100th edition!

5th March 2012

Firstly with this being a milestone edition we have to thank you, our readers, for your valued and continued support. We invite your feedback at the bottom of this newsletter to ensure we continue to bring you the news you want to read. Mary Latham looks at what the EPC changes mean to landlords, whilst […]

Property118 scores a century – Progress to date

5th March 2012

We have just released the centennial edition of our eNewsletter so what better time for me to report on our progress and to thank everybody involved in our successes to date. We launched Property118.com on 4th January 2011 and what a year it has been! It all started as a simple blog about my property investment strategy […]

What do April ’12 changes to EPC’s mean to us as landlords?

5th March 2012

For those who think “More legislation to make life difficult for landlords” let’s first look at why Government need us to have Energy Performance Certificates (EPC’s). When fossil fuels are used they emit carbon dioxide (CO2), which is known as a “greenhouse gas” (GHG) because it helps produce something called the greenhouse effect. This traps […]

Sorting the Rogues from the Ridiculous

5th March 2012

I’m an amiable kinda guy, the office joker in the roman helmet, more predisposed towards seeing the good in people than the bad. My default approach to dealing with landlord tenant disputes is to go into “Come on people, lets all shake hands and sort this out” mode, as opposed to a Sweeney, kicking in […]

Eastern Landlords Association MARCH 2012 NEWSLETTER

2nd March 2012

Deposits Three cheers for competition. A few weeks ago TDS, The Dispute Service, announced Deposit Guard, which at launch undercut the costs charged by My Deposits, and made a push for self-managing landlords, rather than agents. My Deposits have retaliated, by reducing their fees for agents, but not landlords. This may follow, and we shall […]

Bad bank profits leap to £1 billion

2nd March 2012

The ‘bad bank’ that owns former buy to let specialist Mortgage Express has announced a massive surge in pre-tax profits to just over £1 billion. UK Asset Resolution, the government-backed bank that took over the debts of Northern Rock and Bradford and Bingley in 2010, claims the improvement is due to tough action to reduce […]

Let to buy is soaring, say lenders and letting agents

2nd March 2012

The broken housing market is pushing more accidental landlords into the buy to let market, according to lenders and letting agents. As homes are becoming more difficult to sell, desperate owners who need to move are turning to let to buy mortgages so they can buy a new home while renting their former home out. […]

Buy to let frenzy leads to 110% rise in bridging finance

1st March 2012

Buy to let investors looking for money to close deals pushed loan values for short term bridging lenders up 110% to £911 million last year. Bridging firm West One claims mainstream banks and building societies cannot cope with demand for buy to let finance, which is forcing borrowers to look to other sources of finance. […]

Jail for HMO landlord who couldn’t afford to pay fine

1st March 2012

– News Sourced by Property118 News Team – Buy to let landlord Abdul Hanif was jailed for allowing a tenant to live in a dangerous and dirty home that lacked hot water and heating. Hanif was jailed for a day by Reading magistrates when he told the court he could not afford to pay the […]

HMO landlord let tenants live in a garden shed

29th February 2012

An HMO landlord was fined £4,000 for letting 16 tenants live in filthy and dangerous conditions – including in a back garden shed. Council investigators raided a shared house owned by Sandeep Bhambra after a tenant complained a ceiling had collapsed in her rented room.

Buy to let property scam netted £450,000

29th February 2012

A sham property investment company that conned landlords out of £450,000 has been wound up by the Insolvency Service. Modo Homes Group lied to investors about selling repossessed properties on behalf of banks and building societies – and demanded fees from landlords to arrange viewings.

Property118 Landlords Newsletter – Issue 99

29th February 2012

Experienced landlords and guest columnists Mark Alexander, Lisa Orme, Glenn Ackroyd and the Property Maverick share their property investment strategies combining a variety of growth and management perspectives. Today’s edition also features a runway letting agent who has disappeared owing thousands to landlords and tenants.

The letting portals providing the best exposure

29th February 2012

All savvy landlords and letting agents know that Rightmove is the UK’s busiest property portal. Despite the fact that they’ve recently increased their prices significantly, you can’t really afford not to use them, can you? However did you know that they only account for 3 out of every 10 property searches? And the other major […]

Runaway letting agent disappears owing thousands

28th February 2012

Landlords and tenants are trying to track down a letting agent who has shut up shop leaving them thousands of pounds out-of-pocket. Husband and wife team Mark and Samantha Hamilton-Smith stopped trading as The Property Showroom in Leeds on February 18. The firm’s office in Town Street, Farsley, was closed without warning, computer equipment was […]

Give landlords more tax relief, RLA urges Chancellor

28th February 2012

Chancellor George Osborne should give buy to let owners a new tax deal to stimulate more investment in private rented homes, claims a landlord lobby group. The Residential Landlords Association (RLA) argues the current tax regime for buy to let is unfair and chokes investment if landlords want to grow the number of properties they […]

HMO landlords fined £11,000 for mismanaging properties

27th February 2012

Two landlords were fined £11,000 for breaking house in multiple occupation management rules. After the successful prosecutions, Newport City Council, South Wales, has warned that local enforcement teams are cracking down on landlords who ignore housing laws. In the first case, Saeed Zafar was found guilty in his absence by magistrates on charges of failing […]

Are HMO landlords really missing out on tax relief?

27th February 2012

Dozens of firms offer to help shared house landlords claim thousands of pounds in lost tax reliefs – but does the lost relief really exist? The confusion surrounds houses in multiple occupation – HMOs – which are homes where several tenants have their own rooms, but share cooking and bathroom facilities. Tax rules ban claiming […]